Just 21% of women state that they have high levels of confidence when it comes to investment products. The proportion is also a mere 27% with regard to retirement plans, as shown in a new infographic from Kryptoszene.de. Since significantly more men are currently eager to invest for the first time, the wealth gap between the sexes could widen further.
The wealth gap has widened considerably in recent years. While women in Germany owned on average 26% less than men in 2008, the disparity had already widened to 41% by last year, as shown by data from a Comdirect study.
One possible reason for the difference: women’s reluctance to invest their money. There are also other factors such as a lower average income, but the focus of this article is on the issue of investment.
Women and Investment
The discrepancy is particularly large in the crypto sector. According to data from „Coin.Dance“, just 14.23% of the members of the Bitcoin community are female. With stocks, the ratio is somewhat more balanced, though there is still an imbalance.
As the infographic shows, 5.9% of men in Germany currently „definitely“ intend on investing money in shares for the first time. Among women, the figure is 3.5%. Meanwhile, 12.2% of men „rather“ intend on buying shares for the first time, i.e. they are not yet completely sure. Among women, the figure is 5.8%. The proportion of those who „definitely do not“ want to invest in shares is also significantly higher among women, at around 10 percentage points.
In terms of investment preferences, however, women attach great importance to the issue of sustainability. 47% even assign the highest priority to climate and environmental protection. A smart decision, since sustainable investments have recently been able to generate significantly higher returns.
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